JMC Arms
NES Member
Hey guys, One Eyed Jack said I don't need to keep any inventory on site. Can anyone confirm or deny? I always like getting a second opinion when possible!
Steve
Order the fed handbooks from the ATF forms website. Read up. Jack has read them completely and understands the law from them. They actually answer most issues pretty plainly. If they don't the ATF bulletins with clarifications in them usually help. Yes, inventory can be stored off site. Properly marked to differentiate it from your personally owned firearms. Your IOI interview can clarify this stuff.
My own opinion is that if you rent the IOI will reach out to the owner, police chief and zoning to see if anyone blocks you. I don't see Brookline approving of any local FFLs. If you build SBRs expect to have to pay for your SOT. LLC is $500 a year. Building for sale on a sole prop FFL is a dangerous thing, liability wise to me.
ITAR regulates trade of arms. Pretty much anything relating to firearms is regulated through the current enterpretation. Whether you export or not is irrelevant. Only a pure R&D can get away without paying ITAR and that was put to paper only a short while ago.
FYI. The Feds are trying to say that posting technical specs on regulated items on the Internet from the manufacturer is "exporting" and you can get jammed up since it can be seen in restricted countries. (What a rabbit hole this is ...)